By Devika Patel
Knoxville, Tenn., June 4 - Thunderbird Energy Corp. said it will conduct a C$3 million private placement of units.
The company will sell 15 million units of one common share and one half-share warrant at C$0.20 apiece. Each whole warrant will be exercisable at C$0.25 for one year.
D&D Securities Co. and PowerOne Capital Markets Ltd. will be the agents.
Proceeds will be used for exploration and working capital purposes.
Thunderbird is an oil and natural gas company based in Vancouver, B.C.
| Issuer: | Thunderbird Energy Corp.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | C$3 million
|
| Units: | 15 million
|
| Price: | C$0.20
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.25
|
| Agent: | D&D Securities Co., PowerOne Capital Markets Ltd.
|
| Pricing date: | June 4
|
| Stock symbol: | TSX Venture: TBD
|
| Stock price: | C$0.25 at close June 4
|
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